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re: Financing a house as a 1099 (self-employed)

Posted on 1/2/14 at 12:59 pm to
Posted by Cdawg
TigerFred's Living Room
Member since Sep 2003
59610 posts
Posted on 1/2/14 at 12:59 pm to
I guess I was able to get it b/c of a long relation with my bank, portfolio, and credit history then. It was only 2012.
This post was edited on 1/2/14 at 1:01 pm
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35607 posts
Posted on 1/2/14 at 1:08 pm to
Could be but they are a rare loan to get nowadays. At one point you could do "low documentation" loans with as little as 10% down. Now they require a very significant down payment and an outstanding credit history.

Yours was a refi? Maybe it was just a fast track refi if it was a straight rate and term.
This post was edited on 1/2/14 at 1:08 pm
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